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Irish Petrol Prices In For A Drastic Increase Next Week Due To Hurricane Harvey

By Sarah

September 1, 2017 at 7:10pm


Bad news for drivers in Ireland, as petrol and diesel prices are due to rise next week because of the devastating impact of Hurricane Harvey in Texas.

The Irish Independent reports that drivers have been warned by The Irish Petrol Retailers’ Association (IPRA) to expect price rises of a painful 3c per litre.

A number of oil refineries in Texas were out of action this week because of the chaos caused by the hurricane.

The new price hikes mean you could be paying an extra €1.50-€2 for each full refill of a 50-litre tank.

The IPRA said: "Global oil prices have risen this week and this is due to downed refineries tightening supplies in the US Gulf Coast and the Atlantic Coast.

"This causes a ripple effect and wholesale markets moved up in response. This is a short-term blip and while we may see a short-term increase of a few cent per litre over the next week retailers have no option but to increase retail prices as the wholesale price is increased to them."

It's expected that prices will fall back to regular costs once the refineries are back in business.

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